Tag: China

• Monday, August 8th 2011 - 04:14 UTC

  China warns US on ‘debt addiction’; demands global supervision of dollar issues

  

  Beijing bluntly criticized the United States after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over. S&P cut the US long-term credit rating from top-tier AAA by a notch to AA-plus on yesterday, over concerns about the nation's budget deficits and climbing debt burden.

• Friday, August 5th 2011 - 20:06 UTC

  China calls for global cooperation to solve dollar and euro debt problems

  

  China's Foreign Minister called on Friday for more global cooperation to resolve US and Euro area debt problems as stock markets around the world tumbled on fears another financial storm may be developing.

• Friday, August 5th 2011 - 01:43 UTC

  China takes over South Africa’s Standard Bank network in Argentina

  

  Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.

• Wednesday, August 3rd 2011 - 06:53 UTC

  China Dagong agency downgrades US credit rating from A+ to A with negative outlook

  

  Chinese rating agency Dagong Global Credit Rating Co. said Wednesday it has cut the credit rating of the United States from A+ to A with a negative outlook after the U.S. federal government announced that the country's debt limit would be increased.

• Friday, July 29th 2011 - 06:32 UTC

  Claims China is ‘circumventing’, via US, to avoid Brazil anti-dumping tariffs

  

  Brazilian newspaper Estado de Sao Paulo revealed documents from Chinese company Sun Falcon International Inc. offering triangulation scheme through Los Angeles port, the busiest container port in the US, to avoid Brazilian anti-dumping tariffs.

• Thursday, July 28th 2011 - 00:34 UTC

  Latam’s 2010 foreign direct investment reached 159bn dollars, mostly from Asia

  

  Foreign direct investment (FDI) flows to Latin America and the Caribbean increased by 13% in 2010 to reach 159 billion dollars indicated UNCTAD (United Nations Conference on Trade and Development) annual investment survey that was released Wednesday.

• Monday, July 25th 2011 - 21:01 UTC

  China determined to break the grip of the three major global iron ore miners

  

  China, the world's largest steelmaker and iron ore consumer, has set a target of dramatically increasing ore imports from Chinese-invested resources in the steel industry's 12th Five-Year Plan (2011-2015), an industry official said.

• Wednesday, July 20th 2011 - 09:22 UTC

  Reduced Chinese import makes and cheaper palm oil, see G-3 exports fall

  

  Soybean processing and exports from the US, Argentina and Brazil, the largest shippers, were below expectations in the second quarter on reduced Chinese imports and competition from palm oil, Oil World said in a Tuesday released report.

• Friday, July 15th 2011 - 06:04 UTC

  China forecasted to become Latin America’s second trade partner by 2015

  

  China will become Latin America's second largest trade partner as early as in 2015, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said this week.

• Friday, July 15th 2011 - 06:01 UTC

  “Home, sweet home”, ever so distant (and expensive) for Chinese citizens

  

  China on Thursday pledged to extend limits on new home purchases to smaller cities as authorities step up efforts to cool the country's red-hot real estate market. The State Council, or cabinet, said it would tighten existing property restrictions in cities that have seen excessive price rises to push them “back to reasonable levels”.